LKQ Co. (NASDAQ:LKQ) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in shares of LKQ Co. (NASDAQ:LKQ) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,147 shares of the auto parts company’s stock after selling 4,514 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of LKQ worth $5,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Erste Asset Management GmbH purchased a new position in LKQ in the third quarter worth approximately $45,733,000. Seizert Capital Partners LLC lifted its position in shares of LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after purchasing an additional 1,086,758 shares during the last quarter. Millennium Management LLC grew its stake in shares of LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after buying an additional 875,420 shares during the last quarter. Finally, Cooke & Bieler LP raised its stake in LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after buying an additional 873,665 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on LKQ shares. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus lowered their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

Shares of LKQ stock opened at $39.72 on Friday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The stock’s 50-day moving average price is $38.59 and its 200 day moving average price is $40.51. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.33 billion, a PE ratio of 14.82 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, equities research analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.02%. LKQ’s dividend payout ratio is currently 44.78%.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.